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in congress. senator, good morning, good to see you. >> good morning, jeff good to be with you. >> are we going over the cliff? >> well it depends on what that means. i think 98% of the people in our country can be assured that at some point over the next short period of time, their income taxes are going to be the same but this congress as you know has been more prepared than any to deal with the big issues our nation faces and what you're seeing is a lack of courage to deal with the spending issues. unfortunately, you know today the average american doesn't realize that there's 40% of government services that they're not paying for. only one-third of medicare is paid for by those people who actually use it and because there's been this charade going on, where the left and right basically have conspired together to shield the american people from the true cost of government, we really don't have any constituency here to help reduce spending because we have not dealt with that issue, there's been no progress on the entitlement spending this is unfortunately going
:15, it was all over. nancy pelosi left the meeting without making a comment but harry reid headed to the senate floor to address members of congress&so did mitch mcconnell. both men described the negotiations as positive and constructive and say the next 24 hours are critical. >> we are engaged in discussions. the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. so, we'll be working hard to see if we can get there in the next 24 hours. >> whatever we come up with is going to be imperfect. some people are not going like it, some people will like less, but that is where we are. and i feel confident that we have an obligation to do the best we can. >> reporter: as tom mentioned, just a few moments ago, we heard from the president, too, on his prospects for keeping the nation from plummeting off the fiscal cliff. >> if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring
in another partisan stalemate. but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concessions on tax increases. >> unless we get a sign-off from the republicans in the house, we can't get anything done. for them to talk about a bipartisan arrangement, we have done that. >> without a deal, the mediate effect would billion a tax hike. relief checks to $2 million -- 2 million onamericans would also cut, possibly triggers another major u.s. recession. >> things that you don't really need, you're not going to get. >> it will probably affect my finances in a huge way. >> it will affect my dad. my dad's 76 and he's already got his food stamps cut and his medicaid cut. i don't know how much more than can cut. >> half
on c-span members of congress on the countdown for the so-called fiscal cliff. senate leaders harry reid and mitch mcconnell speak on the floor about the negotiations. then that is followed by the history of "the new york times." on friday's "washington journal" a look at the countdown to the fiscal cliff. our guest will be damian paletta. then homeownership in the u.s. with randallo tool. later, the discussion of the economy, poverty, and hunger. caroline radcliff. "washington journal" live every morning starting at 7:00 eastern on c-span. >> if we turn away from the needs of others, we align ourselves with those forces that are bringing about this suffering. >> the white house is a pulpit and you ought to take advantage of it. >> obesity in this country is nothing short of a public health crisis. >> i think i have little antennas that went up and told me when somebody had their own agenda. >> there is so much influence in that office and it is shame to waste it. >> they serve on a window on the past with what is going on with american women. >> sh she is the only one they can trus
a proposal that can pass both houses of congress. the senate will not be in tomorrow. so congressional leaders can focus on work on the fiscal cliff. some of the buzz around washington has been, if you look at what could possibly pass the house and senate, you're looking at perhaps an income threshold of about four to $500,000 a year, maybe less, to prevent those taxpayers, those amounts from having to pay additional taxes or watching their taxes go up. some of the other proposals on employment insurance. the doc fix, preventing doctors from getting a massive pay cut at the end of the year. right now congressional leaders will try to cobble something together with democratic and republican votes that can pass both the house and senate. the next 24 hours on this one, adam, very critical. adam: rich, if it is just taxes and extension of unemployment benefits where do they get money to pay for unemployment benefits? we're about to hit the debt ceiling and will have 110 billion in spending cuts come january 1? >> that is what makes this difficult. if the debt ceiling is part of this and th
. >> that was senator mitch mcconnell reflecting on why congress has done so little in those 514 days since it passed the bunt control act. that legislation, of course, machine dated those automatic arbitrary spending cuts supposed to motivate congress tone act some kind of comprehensive budget reform. it hasn't worked out had a way. we are now four days away if the fiscal curb. this is the first time all of the congressional leaders met with the president since november 16 in a post-election session. and new this morning, cnbc's john heart swood reporting a mini deal could be in the works. without it like a 60 to 90-day deal and include some tax raises basically for those making about $400 $400,000 or more. this morning a few senators in both parties struck a hopeful tone about the meetings. >> getting a little more optimistic today. >> i think that it is encouraging that people are talking. >> talk is good but on substance, little has changed. >> problem has not been democrats being willing to do cuts. the problem is receive gnaws. we believe this isn't a revenue issue. this is a spending issue. >>
between the white house, the senate, the congress moves to pennsylvania avenue. president obama meeting behind closed doors with house speaker boehner, senate majority leader harry reid and senate minority leader mitch mcconnell talking about doing something to keep more than trillion dollars in tax increases and cuts from taking effect next week. also joining that party today, america's happy warrior. vice president joe biden will be there. while some appear ready to compromise others are still ducking, dodging, trying to dump the blame elsewhere. >> we all have our ideas and in the senate, you're right. we probably another 40, 50, 60 of saying that we're ready to both raise revenues and control entitlements. when's the missing ingredient? it is presidential leadership. >> i think in the end we'll get a deal. the question is the timing. >> am hopeful there will be a deal that avoids the worst parts of the fiscal cliff, namely taxes going up on middle class people. >> it's pretty apparent that we are not going to do what we've been called to do. this is 112th congress. we have had two y
. brian schatz becomes the senior senator with the new congress being formed on january the third. on the independent line -- jack on the independent line. caller: good morning. i bet a co-worker that we are going over the fiscal cliff. it is more of a slope than a cliff. it would be a year of complete in activity before we would see the real bite of everything, all of the doom that is being forecasted. i am reminded of erskine bowles and alan simpson. about three weeks ago or four weeks ago, they met with the president and members of congress and discuss their feelings afterwards with the press. erskine bowles said he felt there was a third of a chance that there would be a deal and a third of a chance no deal and a third there would be no deal until after we went past the january 1 deadline. i bet my co-worker the $5 that we were going over because i am thinking if you cannot get a deal for to the house on $1 million and above, to the tax policy center released a report about that about three weeks ago. they said this was something that the president could perhaps give the repub
the problem child is and it is not the senate. it is not congress. it is the lack of true leadership of the president's. gerri: gerri: yes, you said that earlier. rich edson, we have been waiting for this all day long. we had cameras at the white house watching people exit. do you think this comes as a disappointment to most people? the resolution of today and of that meeting? were leaving something good can come from a? >> i think after you hear from leadership and the president, when you got the first reports, the administration officials have basically put on the table what he had been reiterating last week in his speech. what was basically what he had put on throughout the entire campaign. just deal down version. it didn't look all that good. but as you now have this assignment for the senate leaders to get together and hammer something out, on a scale that we have been talking about right now, this is the only shot we have to avoid the fiscal cliff. the fact that they are giving it another shot over the next 48 hours, it is probably as good of a result from the meeting as you co
congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would at least see a fair dee beat. look, i think the average american realizes we have to cut spending. you know the numbers. >> craig, i have to ask you -- i have to stop you. i don't think they do. we ran a package yesterday, we sent the producer out on the street, showed people how much more they would pay in taxes after we go offer the fiscal cliff and they were like wow, i had no idea. where were you november 6 when you a chance to vote against doing that? i don't think the average american understands. >> they were listening to pimp with a limp and david letterman, a nice guy who knows nothing about economics. social security, defense, medicare, medicaid, the health programs and the cost of interest on our debt are the five -- four ma
congress is sworn in as for the u.s. senate, they reconvened yesterday. >> we have been swamped with the news of the fiscal cliff but locally, cliff. a law was passed five years ago to require home owners to fill out a one time application to update the data base and cut out the fraud. you can only get a credit on your main home not a rental or a second home. >> i've he been a homeowner for over 30 years so i want my money. >> everybody has gotten at least two applications mailed directly a their premise address. >> so if you or someone you know foregist by the end of the dead -- forgets by the end of the deadline you will lose out on next year's credit. >>> other top stories for you this morning. the country is mourning the loss of a decorated war hero. retired general norman schwarzkopf passed away at his home in tampa. he is known as stormin norman and the bear gained national attention in 1991 when he led operation desert storm. that was to overthrow iraqi forces out of kuwait and that's what he did. he also fought in vietnam where he earned three silver stars three bronze s
, elizabeth, there was not a lot of optimism on capitol hill today. both senate leaders admitting that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >
, a lot of the senators and members of congress, we're just going to keep pushing because we got to come together and get people to agree on some kind of package. >> are you hearing anything from the white house? the other day it was scott brown, the senator from massachusetts, who will be leaving in the new congress, but he said a deal was coming from the white house. hearing any idea what it looks like? perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our politica
of hearing the phrase. i it talked to several this week, members of congress and members of the senate who indicate we're going over the cliff. they say it won't be that bad. don't worry about it. there's something in me that wonders about the psychological impact of just going right over. >> mike, you're right. they are saying that, and there's a real risk especially in the white house. they know that the reaction of the markets, especially overseas, the credit raters is unpredictable. you don't want to start your second term with a double-dip recession. that's the real risk here. for republicans more and more you hear them saying and i think this is what you're refer to here. you hear them saying, let's just wait until people get their first paycheck. wait until they get that pay economic when there's less withheld and there's not a payroll tax holiday but then they want tax relief. it's a huge risk. another political game at play here. sherman has a great story on the sight right there giving the thought bubbles for both sides. if we go over the cliff, here's why. here's why they think,
approaching. congress is cutting it close to avoid the fiscal cliff yesterday senate majority leader harry reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture fro
be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state television is reporting the country's navy started training drills in the strait of hormuz. that area sees 20% of the oil pass through it. the state tv report says that the programs include more ships, submarines and jet fighters. they've warned other ships to stay away from the site until after the new year. >>> melissa mollet joins us from the live desk with more. good morning, melissa. >> good morning. the search is on for 23 pakistani policemen who appear to have been kidnapped by the taliban. they went missing thursday. two northwest posts were -- two policemen were also kill
on that meeting. the top democrat, top republican in the house and senate with some expectation that congress and the president could move together on a smaller plan. the speculation in washington, expectation is perhaps congress and the president could agree to some type of tax framework, something that extends unemployment insurance, perhaps other items to throw in and kick the can to next year and congress can work on larger spending cuts and a larger tax overhaul and that is something the president alluded to on friday asking congress to extend unemployment benefits and get a deal on tax rates. the president wants tax rate increase on amounts of $250,000 a year. the latest republican proposal was $1 million a year. the president and republicans before their talks broke off were $400,000 for family filing for a tax increase of amounts of $400,000 a year so there is some history of a compromise amount on taxes. the senate is working on unrelated legislation, the house comes in sunday afternoon holding an unrelated vote sunday night. that is unless the white house, president and folks in con
hardest hit come january 1st if congress fails to act. the great senator bernie sanders of vermont is calling for action. >> we must not fail the unemployed workers of this country now. if congress does not act, it will mean that some 2 million people and their families will really be at a loss as to how to survive economically. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment
its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedural hurdles in time is if every senator agrees not to slow the progress. the senate will be
to urge congress and senators to vote for keeping our tax cuts in place, especially for the middle class and pushing our fiscal crisis to a balanced approach. go ahead and eliminate those tax cuts for the wealthiest individuals. if we all look at it and tried to consider what was going to work for the best, we needed to look at consumer demand. consumer demand is in the 98% of us who are out there driving the economy. the economy require strong consumer sentiment and strong business. i am urging congress to take action. stop playing games. let's move on. thank you. [applause] >> thank you so much, bob. it's a wonderful to have a sensible message from a a small business who really knows what makes our country work. now, i am honored to introduce to you stu and theresa. the mother of three in maryland and will talk to us about the reality she experiences both house and mother but also working within the community college system. sue. >> thank you for coming. i live nearby in maryland. i'm here today because things have changed on the path in america to a middle class life. some things have
: president obama is rounding up the top four leaders in congress to meet at the white house. senate leaders harry reid and mitch mcconnell will be at that meeting scheduled for about seven hours from now. this could be their last chance to find terms they can all agree to. the president and senate got back to work yesterday. the house of representatives just got the call to return sunday night. a vote has been taken by monday or else automatic income tax increase will kick in on tuesday. republican aid say their leaders might now get on board with that. even so there is economic proof that many americans still fear going over the fiscal cliff. i'll have more on that in my next update. live in washington kyla campbell ktvu channel 2 news. >>> analysts say if the country goes over the fiscal shift it could send the economy back if into a recession. >>> secretary of state hillary clinton is expected to return to work next week. a specksman for clinton says she continues to recooperate at home. doctors say clinton contracted a stomach virus earlier this month and became dehydrated and fainted.
. the covers finances and congress and the white house. his work is available online. from the senate floor yesterday, these comments by the senate democratic leader harry reid. [video clip] >> the speakership all members of the house back to washington today. he should not give let them go. they are not here. they are not here. john boehner seems to care more about keeping his speakership than about keeping the nation on sound financial footing. it's obvious what's going on around here. he is waiting until january 3 to get reelected as speaker before we get serious with the negotiations, because he has so many people over there that will not follow what he wants. that's obvious from the debacle that took place last week's. host: referring to the vote yesterday on speaker boehner's plan b. guest: they might feel they have better numbers in the house than they do now later. he would be able may be to push a plan through without as much republican support. i doubt it. it would be really risky move and then we are in early january without a deal still. host: that's what you wrote in the washin
pushed further and further to the margins. it's time that our congress acts and it is my great honor to introduce one of the members of the senate that is pushing for a reasonable solution. reasonable revenue for responsible programs. senator harkin has been an advocate for years. he represents the state of iowa and knows what the middle class is struggling with, and it is with great pleasure that i introduce to you senator harkin. [applause] isn't she wonderful? [applause] >> thank you, sister and for your great leadership. thank you for the best speech ever given tv to give and. it was just great. well, let's face it. this is a manufactured crisis. it's not of real crisis confronting our democracy inherent in our system. it's manufactured by the republicans. manufactured by the republicans who refuse to ask those with the most in our society to give a little bit more to make our country work. as the republicans who held hostage this country in order to keep us from raising the debt ceiling it was republicans who manufacture this in the first place in 2002 when they get the bush tax
both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is nearly 4:40 now. secretary of state hillary clinton plans to return to work next week after a three-week absence from the hill. she has been recovering from that concussion from when she fainted while fighting a stomach virus. a spokesman says she is looking forward to resuming her schedule. on the schedule, testifying before congress about the deadly attack on the u.s. consulate in libya this past september. >>> time now 4:40. still ahead, the nation bids farewell to
it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be the first time president obama and all four leaders of the house and senate have met in person since november 16. >> time to get it done. >>> secretary of state hillary clinton will be back to work next week after three weeks off after a concussion she suffered when she fainted fighting a stomach virus. she is looking forward to resume her schedule, including testifying before congress about the deadly atta
's going to be all right? >> well you know, i have to have faith. i have to believe that the senators in congress, people understand that these are real people who are unemployed, that you know, they're making decisions on people's lives. it's just not a number. it's not just 2 million people. there are 2 million families and even those people who have not found a job that doesn't even report to the unemployment that they do not have a job, so it's many people unemployed and jobs are very hard to come by. >> karen, i'm going to have on some leadership, members of the leadership from washington in a moment and i want to you just speak to them, what do you want them to know before this meeting at the white house today? just tell them your appeal to come to some kind of deal so that your benefits don't run out. >> you want me to -- >> yes tell me what you would say to them. >> i'm sorry. i would ask them to please, come together and make a decision, a decision is needed, put all the personal, personalities aside and step up and make a decision. it's not that difficult to make a decision
's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he also warned lawmakers to get their work done. >> the american people are not going to have patience with a self-inflicted wound on the economy. >> reporter: senate republican leader mitch mcconnell called the white house meeting a good one and he told his fellow republicans he hoped to have a fiscal cliff recommendation soon. >> we will be working hard to see if we can get there in next 24 hou
-elected as speaker on the 3rd of january w a new congress, first of all there are more democrats in congress, both in the house and senate. and in a strange way, speaker boehner's position is strengthened internally but he has to face a terrible moment of truth. and that is now they're pushing the senate to act first. and if the senate passes anything, it comes to the house and the likelihood of what comes out of the senate, or even in way of agreement, is something that will not get a majority of republica republican-- republicans. >> brown: you go you are jumping to next week. the meeting today, i'm looking at the wire story and hear words like constructive, positive, hopeful, optimistic. >> yes, constructive and positive. and with mitch mcconnell and according to the president, in his statement, mitchman connell, republican leader and harry reid, the majority leader. and have been so incredibly productive and coop rattive and collegial that it is probably-- they'll probably have it before ten minutes. i think there is a good chance. >> woodruff: we could start the champagne early. but the reali
there are more democrats in congress, both in the house and senate. and in a strange way speaker boehner's position is strengthened internally but he has to face a terrible moment of truth. and that is now they're pushing the senate to act first. and if the senate passes anything, it comes to the house and the likelihood of what comes out of the senate, or even in way of agreement is something that will not get a majority of republican republican-- republicans. >> brown: you go you are jumping to next week. the meeting today i'm looking at the wire story and hear words like constructive, positive hopeful, optimistic. >> yes constructive and positive. and with mitch mcconnell and according to the president in his statement mitchman connell republican leader and harry reid the majority leader. and have been so incredibly productive and coop rattive and collegial that it is probably-- they'll probably have it before ten minutes. i think there is a good chance. >> woodruff: we could start the champagne early. but the reality 500 million in tax cuts and spending cuts and tax increases on the
says the congress has to pass a budget every year, the senate has to pass a budget but harry reid has chosen not to bring a budget year after year after year. he's not committed to dealing with the major problem of the country, the spending. >> and it's sort of interesting. nevada re-election him, that's their choice but the rest of the country is held hostage. people in my home state of wisconsin, if they don't like harry reid has majority leader there's nothing they can do. they can put pressure on their senators, but for the most part senator harry reid is in a very powerful position. >> i think he's taking orders from president obama. this is time for the president of the united states to lead. there's only one person who has the pen who can sign into law the law preventing us from going over the cliff and if the president actually wanted to get it done, he would tell harry reid and others this is what we had to do and he would make the arrangement to make sure we didn't go over the cliff. so i think he's just -- senator reid is just playing the role for president obama. >> you sa
of the year. you're betting on congress which is absurd. why would you bet on congress? i don't care if they convene sunday night at 6:00. you going to bring the senate back at 2:00 a.m. to reject their bill. there has been no market pressure on this congress, and until there is, there will be no deal which means we go a lot lower before they ever come across the aisle to make a deal and solve this issue. >> but we don't know exactly what is going to happen in the new year, right, and isn't it a big risk? if you go into cash now, liquidate, go into cash and there's a big real, and we're off to the races again? >> you know, that -- again, that is -- i have a very hard time with the got to be in all the time to miss a rally opportunity. look, odds are there's going to be volatility, and we even saw it this year. the market ends, you know, a nice strong year, but there was opportunity to buy weakness during the year, so if -- look, if miraculously they come out and there's a huge deal and you are cash heavy, as i am, will i be, you know, clamoring to put that money to work to try to cha
a dysfunctional congress. the congress -- the democratic house and the republican senate have proved that they don't have any common ground on taxes. there's nothing that one side can agree to that the other side will agree to. that's the president's role here having run on tax increases for people making $250,000 and above, not to mention all that entitlement talk. he ran on it and he won. he'll have to fight this out next year for sure. he would like to get some of the math off of the table here if he can. >> warner: are there schools of thought in both parties that each may think he's going to be in the stronger position after going over the cliff? >> certainly. "people" on both sides who think that. liberal democrats in particular say this republican orthodoxy, no tax increases at all, remember, those bush tax rates expire on new year's eve and they say if we go over the so-called fiscal cliff, take all the tax votes you want, they're all tax cut votes. and conservative republicans believe their bargaining position improves. you reported on the debt limit but that becomes more of a concern as
congress could pass legislation to cancel them retroactively after it begins its work next year. >> while the so-called fiscal cliff has dominated the news headlines, the senate is also preparing to vote today to continue a controversial domestic surveillance program. in a blow to civil liberties advocates, the senate rejected three attempts thursday to add oversight and privacy safeguards to the foreign intelligence surveillance act. joining us from washington is democratic congressmember dennis kucinich. this is his last again congress after serving eight terms. since 1997, dennis kucinich has been a leading progressive voice on capitol hill, into these articles of impeachment against george w. bush, voted against the patriot act, and advocated for ending the war on drugs. dennis kucinich ran for president in 2004 and 2008, down to create a permanent peace. he is former mayor of cleveland, ohio. congressmember, welcome back to "democracy now!" >> thank you. >> your term would be over except you have been called back on sunday, right, to do with the fiscal cliff? >> i have been in washin
not be a deal todaythe dow closed down. the president did not make any new offers. congress should least extend tax cuts for everyone making $250,000 or less, and extend long-term unemployment benefits. democrats said have enough votes in the house and senate to pass the president also version of a short-term plan, but it is up to republicans in the house to call a vote. >> in the case of the speaker, i don't refuse to hold a vote per one of the key players, chris van halle, ranking democrat and house budget committee says he understands the public frustration -- hollen, ranking democrat and house budget committee, says he understands the public frustration. today the house speaker said he will not call for any votes until the senate has voted. possible new year's eve a vote on monday. mitch mcconnell went to the senate floor and said his hopeful and optimistic. those are two words we have not heard much of in the past couple of weeks. everyone hoping there will be a deal before january 1. rebecca cooper, abc 7 news. >> we will continue to follow the fiscal cliff negotiations and any new devel
time. that's in about 15 -- 25 minutes. >>> despite what you might think, congress is getting some work done. today senate sent president obama a bill that reauthorizes eavesdropping on communications in search of possible terrorists. in doing so, lawmakers brushed away concerns about violating privacy. >> this did not get much attention until today. the vote in the senate was not close and without much fanfare. one of the most hotly disputed tactics on the war on terror will keep ongoing. he ordered it just after 9/11 and became one of the most controversial tactics used by george w. bush to fight the war on terror. the secret wire tapping of kmun kags between people in the united states and overseas. it drew fire because sometimes the communications of innocent americans got caught up. in 2008, the practice was authorized by congress but with limitations. a warrant is now required to target an american, including americans who are abroad. but it's still a hugely controversial program and the senate has passed a five-year extension of it. >> it's an enormous potential of abuse given th
cliff. again, a total lack of courage, lack of leadership. >> senator corker, does congress realize how ridiculous this looks to the american public, dueling pros conferences. we're minutes away from a fiscal cliff and no one in washington is taking it seriously. >> i think most understand. i think you both know i laid out a very detailed bit. i shared wit the white house, with speaker boehner, with leaders at every level. 've put forth an entitlement package. the problem is we don't want to deal with the issues. yes, i understand that. we should not have back room meetings. the reason we have back-door meetings is, again, dwoejts have the courage to debate these on the floor. >> so no one gets the blame. instead everyone gets the blame. >> that's exactly right. >> i want to ask you about speaker boehner. plan b didn't work out. his own party didn't vote for it. i wonder would he be willing to put out a deal that he knows the gop won't back but it will get them to a deal? >> i don't know what he's thinking about. i really think what should happen today is on the senate floor we should g
's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the onlyway a bill could come through the you woulds in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, don will be watching. >> everybody's kind of in a wait and see and finger crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener, for cbs news, washington. >>> time right now is 6:07 and i'm watching your money. we're going to have to see if wall street can finally ends its losing streak today. stocks have been down for four trading sessions in a row and yesterday did have the deposit of territory briefly after lawmakers agreed to meet sunday to discuss the fiscal cliff. but the dow actually fell 18 points, the end of the trading day. the nasdaq dipped by four. so far this year individual investor
.5 trillion in spending cuts already approved. so say that the senate hasn't approved spending cuts in the last congress is not true. the problem is this and i feel bad for john boehner if you were obama you don't know who to negotiate with. even with john boehner were to come to obama with a deal, john boehner is being held host and by members of his own caucus who won't let him do that. boehner can work with democrats to get it passnd and throw some of his support with the democrats to get it passed but the problem for john boehner is he has an election coming up for his own leadership position on january 3 and he is afraid to do that. >> laura: again, and i understand why julie is saying this because the republicans don't have a ton of leverage here, stephen. >> they don't. >> they have very little leverage. >> all of the taxes go up, lawyer, a as you know, on january 2. >> is it that bad for president obama if we go over the cliff, oh, throw the nation into recession and lose all these jobs but he views everything through a political lens does he not? >> he does. >> laura: i thi
to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know, it is late for this kind of thing to go on. and really, steve, i know you have been on board for this last several days, as well. most logical thing and perverse logic and chamber politics, any way to look at it is most logical thing is to go over and then come back to vote to cut taxes. but hey, you know, pride goeth before the fall. they could come up with a miraculous recovery. some sort of immaculate deal and may actually spur some conversations on the margins and maybe get to a voint where they can do something to avert, at least patch this to avaert total economic disaster. >> sounds like you're sticking by your january
it is serious, but the politics, we know that the house and senate republicans do not want to increase taxes on anybody, so it is very difficult to see how a package can get through congress, certainly in time for the new year. one guess is that they could that the fiscal cliff deadline lapse and then in the new year try to look at it in january to reduce taxes on those people while raising them for the rich, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-w
hours to vote on the bill that the senate works out. outside the beltway don will be watching. >> everybody's kind of in a wait and see and finger crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >> now this afternoon's white house meeting is the first time the president and all four leaders of the house and senate will meet face-to-face since november 16th. >>> a horrific smashup on the springfield interchange leaves three people dead. it happened around 7:00 last night. the i 495 flyover ramp to i-95 was blocked for most of the night as police cleared the scene. police tell us that a semitrailer was shopped in traffic when it was rear ended by a pickup truck. all three people inside that pickup died at the scene. the semi driver was not injured. >>> geneticists are studying the dna of adam lanza. he shot his mom and killed 26 people in newtown before taking his own life. the connecticut health center was asked to join the investigation to look for threws about the
cantor says the house could be in session until january 2nd. that's the day before the new congress is sworn in. boehner, meanwhile, still maintains that it's up to the senate at this point to make the first move. >>> going over the fiscal cliff could have a huge impact on the local economy. thousands of people could lose their jobs, especially federal employees and government contractors. the defense industry could face billions of dollars in cuts. >> i represent the third largest number of federal employees and probably the largest single number of federal contractors. so that federal nexus is really important to our economy. we immediate to end the uncertainty. >> economists say it is possible, though, this new terminology to step over if you will the cliff. that means lawmakers will reach some kind of a deal a few weeks after the new year begins. >>> retailers are bracing for more bad news as thousands of workers at u.s. ports are preparing to strike. jackie deangelis live with that story and more. jackie? >> good morning, aaron. time is running short to avoid a possible strike
to cut taxes. elisabeth corridon.. awarding. >> both obama and the senate returned to washington today after a christmas break. house leaders announced the chamber would reconvene sunday and possibly stay in session until a new congress is sworn in january third. someone hacked into her the san francisco muni service will be free this friday to celebrate muni's 100 years of service. and 100 years of customer support. all buses.including light rail lines and cable cars will be free from 5 a-m friday through 5 a-m saturday muni officials initially considered charging a five cent fare.the price riders paid a century ago. but ride free instead. muni service will also be between 8 p.m. monday through 6 a.m. tuesday. >> jacqueline: it was dry but the rain fall overturns. with mostly clear skies and colder temperatures. for rainfall-will return clouds increasing. the lingering towards a saturday. as we take a look on futurecast we already see the increase with clouds but the revolt was not arrive until later here comes the cold front by 6:00 on friday it will push into santa rosa. by 8:00, mo
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